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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Pretax Margin % : 66.83% (As of Mar. 2024)


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What is Canadian Apartment Properties Real Estate Investment Trust Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Canadian Apartment Properties Real Estate Investment Trust's Pre-Tax Income for the three months ended in Mar. 2024 was C$184 Mil. Canadian Apartment Properties Real Estate Investment Trust's Revenue for the three months ended in Mar. 2024 was C$276 Mil. Therefore, Canadian Apartment Properties Real Estate Investment Trust's pretax margin for the quarter that ended in Mar. 2024 was 66.83%.

The historical rank and industry rank for Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin % or its related term are showing as below:

TSX:CAR.UN' s Pretax Margin % Range Over the Past 10 Years
Min: -45.81   Med: 90.89   Max: 179.57
Current: -14.38


TSX:CAR.UN's Pretax Margin % is ranked worse than
79.06% of 788 companies
in the REITs industry
Industry Median: 33.315 vs TSX:CAR.UN: -14.38

Canadian Apartment Properties Real Estate Investment Trust Pretax Margin % Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canadian Apartment Properties Real Estate Investment Trust Pretax Margin % Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.97 108.14 157.96 0.36 -45.81

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -56.87 9.75 -135.08 -1.04 66.83

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin %

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin % falls into.



Canadian Apartment Properties Real Estate Investment Trust Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-488.053/1065.317
=-45.81 %

Canadian Apartment Properties Real Estate Investment Trust's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=184.323/275.816
=66.83 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Canadian Apartment Properties Real Estate Investment Trust  (TSX:CAR.UN) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Canadian Apartment Properties Real Estate Investment Trust Pretax Margin % Related Terms

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Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) Business Description

Traded in Other Exchanges
Address
11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

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